Job Description
HedgeServ is a leading global fund administrator with more than $450 billion in assets under administration across all investment vehicles including Hedge Funds, Private Equity Funds, UCITS, Hybrid Credit Managers, Funds of Funds and Managed Account Platforms. We optimize our clients’ experience using unique proprietary technology coupled with robotic process automation, intuitive digital programs powered by machine learning, and enhanced by an extensive proprietary transaction data set.HedgeServ is a fast-growing service-driven global administrator. We feature a unique technology platform with one of the most experienced service teams in the industry. HedgeServ provides fund administration, middle office services, integrated risk & portfolio management, regulatory & compliance reporting, tax support, and complete shadow accounting services, underpinned by SOC 1 certified controls. HedgeServ supports all investment strategies within hedge funds, funds of hedge funds, private equity funds, asset managers, managed accounts, managed account platforms, UCITS funds, and other institutional investment programs such as pensions and endowments.Private Equity DepartmentThe Private Equity Team is based across several locations including Ireland, Luxembourg, Poland and New York. Your role will involve regular communication with our global offices whilst also partnering with colleagues and senior members of the team regularly. This allows you to gain a wide range of experience and foster strong working relationships.Job DescriptionA Private Equity Fund Accounting Manager will be required to manage the closed end fund accounting process within the guidelines and procedures provided by HedgeServ and under the supervision and guidance of a Private Equity Director and Managing Director. They will manage the timely and accurate delivery of NAV calculations and assist in the development of client relationships.Key Accountabilities of the RoleResponsible for the day-to-day management of the Private Equity team including:Capital Call and Distribution Processing.Investor Allocations, waterfall creation and maintenance.Performance reporting including IRR’s and MOIC’s.Preparation of net asset value calculations and financial statements.Ad hoc client and investor reporting.Managing client relationships involving interaction with both the client and the relevant Private Equity Director to ensure consistency of service.Ensure the assigned accounting team operates within the clearly defined and documented control environment.Manage and develop client teams of up to 10 employees.Resolve fund accounting enquiries escalated by Supervisor or Fund Accountant.Develop and improve workflows and procedures.Review fee calculations and profit and loss allocations.Manage the audit process ensuring timely and successful completion of fund audits including preparation of fund financial statements.Investigate accounting implications of new investment products.Manage and complete client onboarding and transitions.Participate in development and presentation of fund accounting training.Manage private equity recruitment and performance evaluations.Responsible for fostering a collaborative team environment and developing the team’s growth.Responsible for supporting education and training among the team.Establish and maintain effective working relationships with other stakeholder groups.Be flexible and willing to adapt to a client-focused structure providing a wide range of experience to all levels of employee.Education:Accounting, Finance, Legal or Business Degree. Min. 2.2 honors degree.Intention to actively pursue a professional accounting qualification (ACCA, CIMA, CPA, ACA), if not already started, part qualified or qualified, would be an advantage but is not required.Skills:Strong verbal and written communication skills.Good people manager with the ability to coach and develop a team.Strong analytical and problem-solving skills.Ability to be flexible and work effectively both within a team structure or independently.Strong inter-personal skills with the ability to influence at all levels of the organization.Committed to delivery of results.Strong Client focus and stakeholder management skills.Ability to positively influence team morale.Take ownership of designated tasks on an individual and team basis.Act as a role model for the organization.Experience:Minimum of 5 years’ experience working in a Fund Administration Firm with at least 3 of those at supervisor level is desired. Alternative Fund Administration experience may be considered.For further information, and to apply, please visit our website via the “Apply” button below. #J-18808-Ljbffr